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Wesfarmers Bargain Buy Highlights Coal's Demise

2014-01-20 12:28:40| Agriculture - Topix.net

For a gauge of just how far prices of Australian coal assets have fallen in the past few years look no further than Wesfarmers Ltd. The Australian conglomerate-better known for its ownership of the Coles supermarket chain-said it's paying 70 million Australian dollars to U.S. miner Peabody Energy Corp. Deals for coal assets are thin on the ground ... (more)

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